Budget 2024 focuses on housing, education, healthcare, job creation, and reducing import duties

From The Economic Times: 2024-07-24 08:11:05

Budget 2024 Live Updates: A monumental investment of ₹10 lakh crore is set to address the housing needs of 1 crore urban poor and middle-class families, making urban housing more affordable in India. The Budget focuses on education, with significant investments in higher education institutions and new ITIs, improving access for Tier 2 and Tier 3 cities. Additionally, there is a transformative step for healthcare, with a substantial increase in healthcare expenditure and expansion of the PLI scheme to boost domestic pharmaceutical manufacturing. Philanthropic groups support increased funding for healthcare and research, aiming to accelerate medical technology advancements. The reduction of import duties on gold and silver is applauded for curbing smuggling and benefitting the economy. The government’s commitment to promoting spiritual and beach tourism is praised for enhancing travel experiences. Job creation is a key focus, with a substantial commitment to foster employment opportunities and skilling programs. Abolishing the angel tax is seen as a commendable move to boost startup investments and entrepreneurship in the country. Measures to curb speculative trading in derivatives aim to bring stability to the market. Railway Minister Ashwini Vaishnav expresses gratitude for the allocated funds for ongoing railway projects.



Read more at The Economic Times: Budget 2024 Live Updates: Finance Secretary warns of unusually high F&O trading to cash market ratio, expresses concern